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Kratos Awarded US Army Contract for Javelin Missile System Upgrades

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Kratos Defense & Security (KTOS) said Thursday it won a US Army contract to develop an advanced seeker for the Javelin close combat missile system.

The company will build a new infrared guidance component to replace outdated technology while increasing the weapon's effectiveness, according to a statement.

The work will take place at a facility in Birmingham, Alabama, with evaluations planned for government locations, Kratos said.

Shares of the company were up over 5% in Thursday trading.

Price: $58.19, Change: $+2.85, Percent Change: +5.15%

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